Take some pictures if you can.
If it's not coming from the tiny round weep hole forget about the water pump.
It kind of sounds like you are describing coolant is coming out of the drain channel that comes out a square hole on the right side of the engine. The clutch cover and water pump cover are right there. The drain outlet hole may be blocked. The drain channel comes down from the top of the engine behind the water pump cover and exits out the square hole where the water pump cover mates to the block above the water pump cover.
If so, focus on a coolant hose weep, seep, leak in the Vee or thermostat housing weep, seep, or leak above the engine. These are so common they rate a thread a week.